ALLEGED N1.4BN OIL FRAUD: EFCC RE- ARRAIGNS NADABO ENERGY BOSS, ALI PETERS, FIRM IN LAGOS . (PHOTO). #PRESS RELEASE

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 Alleged N1.4bn Oil Fraud:  EFCC Re- arraigns Nadabo Energy Boss, Ali Peters, Firm in Lagos  The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Tuesday, March 31, 2026, re-arraigned Nadabo Energy Boss, Abubakar Ali Peters, for an alleged N1.4 billion oil fraud before Justice Ismail Ijelu of the Lagos State High Court sitting in Ikeja. Peters alongside his company, Nadabo Energy Limited, was previously standing trial before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja. However, the matter was re-assigned to Justice Ijelu, following Justice Balogun’s retirement. The defendants are being prosecuted by the EFCC on a 27-count charge bordering on the alleged use of forged documents to obtain the sum of N1,464,961,978.24 from the Federal Government as oil subsidy. One of the counts reads: "Nadabo Energy Limited and Abubakar Ali Peters, on or about the 3rd day of April, 2012, at Lagos, within the Lagos Judicial Division,...
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PRESENTATION OF STAFF OF OFFICE & APPOINTMENT OF OBA MURITALAB AREMU ''OLU OF IWAYA LAND'' BY THE LAGOS STATE GOVERNMENT.{PHOTOS}.

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      The official installation and presentation of staff of office and instrument of appointment to His Royal Majesty, Oba. Muritalab Aremu Ogun-Oloko. Adeori Okin1, Olu of Iwaya land, Yaba LCDA by the Lagos State Government represented by Commissioner for Local Government and Community Affairs, Hon. Muslim Folami today Friday 2nd February, 2018. Also in attendance at the installation ceremony are: HRM. Oba fatai Aromire, Ojora of ijora and Iganmu, HRM. Oba Owolabi Adeniyi, Oba of Igbobi Sabe and the Permanent Secretary, Ministry of Local Government and Community Affairs, Mr. Fola Padonu.More photos below.
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